It's working a lot better now. I think a lot of the witnesses have admitted that there was a lack of testing and it shouldn't have gone down like this. The main point for now is that they are trying to get the balance right where the smaller accounts have enough RC to be active without giving them enough to spam. The balance was off at the start but then they have increased the allocations so that everybody can get back to normal. From some of the witnesses that i follow they have admitted that it was a bad hardfork and should have been tested better to avoid this rough period. It will take a while for the results of this to come out over the next couple of weeks but the theory behind it is sound.
I don't know how it's all going to play out over time but i'm willing to give it a chance and see how things play out. I've read a good few posts on the possibilities that the hardfork has opened up and to be honest there is a lot of potential in it.